Atlantic Union Bankshares Corp Decreases Holdings in Saul Centers, Inc. $BFS

Atlantic Union Bankshares Corp trimmed its holdings in shares of Saul Centers, Inc. (NYSE:BFS) by 99.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,018 shares of the real estate investment trust’s stock after selling 1,339,172 shares during the period. Atlantic Union Bankshares Corp’s holdings in Saul Centers were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of Saul Centers by 118.6% during the third quarter. JPMorgan Chase & Co. now owns 125,345 shares of the real estate investment trust’s stock worth $3,995,000 after purchasing an additional 68,018 shares in the last quarter. Wealthedge Investment Advisors LLC increased its position in shares of Saul Centers by 55.1% during the third quarter. Wealthedge Investment Advisors LLC now owns 58,560 shares of the real estate investment trust’s stock worth $1,866,000 after purchasing an additional 20,803 shares in the last quarter. Horizon Investments LLC acquired a new stake in shares of Saul Centers during the fourth quarter worth about $614,000. Denali Advisors LLC increased its position in shares of Saul Centers by 106.4% during the fourth quarter. Denali Advisors LLC now owns 48,400 shares of the real estate investment trust’s stock worth $1,526,000 after purchasing an additional 24,952 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Saul Centers by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 1,966,888 shares of the real estate investment trust’s stock worth $62,016,000 after purchasing an additional 56,758 shares in the last quarter. 49.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Saul Centers in a research report on Monday, May 4th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Saul Centers Stock Down 1.3%

BFS opened at $33.02 on Friday. The business’s 50-day simple moving average is $33.67 and its 200-day simple moving average is $32.49. The company has a debt-to-equity ratio of 5.54, a quick ratio of 1.71 and a current ratio of 1.71. Saul Centers, Inc. has a one year low of $29.16 and a one year high of $35.75. The stock has a market capitalization of $810.36 million, a P/E ratio of 31.15 and a beta of 0.93.

Saul Centers (NYSE:BFS) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. The business had revenue of $74.64 million for the quarter, compared to analysts’ expectations of $75.11 million. Saul Centers had a return on equity of 12.44% and a net margin of 12.43%.

Saul Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 15th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 7.1%. The ex-dividend date was Wednesday, April 15th. Saul Centers’s payout ratio is 222.64%.

Saul Centers Company Profile

Saul Centers, Inc is a publicly traded real estate investment trust (REIT) that specializes in the ownership, development and management of retail properties. The company’s portfolio is focused on grocery-anchored and necessity-based shopping centers, providing stable, long-term cash flows through leasing arrangements with national and regional retailers. In addition to ground-up development, Saul Centers actively pursues redevelopment and adaptive reuse projects to enhance value in existing assets.

Founded by the Saul family in 1945, Saul Centers has grown from a local real estate development firm into a listed REIT while maintaining its headquarters in Bethesda, Maryland.